AssumingI were to buy a simple residential housein Stilton for cash and have no survey and no conveyancing searches how much would I expect to have to pay for conveyancing in Stilton?
The only reduction in fees you would achieve is the costs for searches. A property lawyer still got to do everything else - money laundering, liaising with the vendors solicitor, stamp duty submission, register the property etc. A marginal saving might be made by not having to register a charge however it will not be meaningful.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Stilton. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this possible?
Where you intend to re-mortgage then Skipton will require that you use a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.
Are there restrictive covenants that are commonly identified during conveyancing in Stilton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Stilton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am using a search engine for the words on line conveyancing in Stilton it brings up many property lawyerslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for my move?
The best method of seeking the right conveyancer is via trusted referral, so enquire of friends and relatives who have bought a property in Stilton or a local estate agent or financial adviser. Fees for conveyancing in Stilton differ, so it's advisable to obtain at least four quotes from different property lawyers. Dont forget to clarify what costs in the quote includes.
I am hoping to exchange soon on a studio apartment in Stilton. Conveyancing solicitors have said that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Stilton should include some of the following:
Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? Does the lease prevent you from renting out the flat, or working from home What you can do if an adjoining owner is in violation of a provision in their lease? The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Where does the liability rest to repair and maintain the building. It is essential that you know who is liable for the repair and maintenance of every part of the building
I am the registered owner of a studio flat in Stilton, conveyancing having been completed in 1997. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Stilton with over 90 years remaining are worth £227,000. The ground rent is £50 yearly. The lease ceases on 21st October 2094
With 71 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.